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Donald Trump is betting people still want to gamble at casinos, and so are others -- shares of Trump's company soared 41% in after-market trading following Trump's testimony yesterday in U.S. Bankruptcy Court.

Trump is fighting for control of the three Atlantic City hotel-casinos that bear his name. Trump and his daughter Ivanka are pushing a plan to invest $225 million in a reorganized Trump Entertainment by selling stock and paying down debt. The deal would give Trump up to 10% of the company.

That $485 million in debt is held by Texas banker and poker player Andy Beal, and billionaire Carl Icahn, who have their own plans to reorganize the casinos.